The Canadian Mortgage and Housing Corporation says new risk assessments it conducted show a W shaped recovery from a pandemic could trigger a nearly fifty percent drop in housing prices and a peak unemployment rate of twenty five percent
It is safe to say that this year was a year like no other and as it draws to a thankful close it is time to start thinking about what is in store for Canada housing market in next year
The Canada Mortgage and Housing Corporation says there is currently little evidence of overvaluation in the Toronto real estate market
Toronto is considering an ambitious new plan to combat homelessness as the COVID-19 pandemic continues to exacerbate the issue.
Ontario’s cottage country real estate is seeing a boom since the COVID-19 pandemic took hold as city-dwellers look to the great outdoors for more space.
Waterfront Toronto ditches Sidewalk Labs vision of high tech sensor driven smart district at Quayside
Waterfront Toronto is ditching the vision of the high-tech, sensor-driven smart district that Sidewalk Labs wanted to create on Toronto’s eastern waterfront.
Nearly half of Ontarians who plan to buy a home in the next two years say that they are willing to consider going ahead with a purchase even if they can only view the property virtually
Regardless of unpredictability the COVID pandemic has caused for Torontos real estate market residents are still interested in buying a new home in the months ahead according to the new survey from Toronto Regional Real Estate Board
Sellers are currently willing to concede discounts of around 5 per cent while bidders are hoping for about 20 per cent off pre-pandemic prices
The pandemic has forced companies to make crisis decisions and forced a lot of executives to see that remote working is a viable choice
Banks may clamp down on HELOCs to reduce the risk of spikes in sour loans which the banks are already bracing for
Property owners are offering up short term accommodations at reduced prices to nurses doctors and long term care staff
The hit to Torontos finances from COVID19 is scary Heres what it means for the average homeowners property tax
According to the city the COVID19 outbreak and response is costing Toronto 65 million dollars each week through a mixture of lost revenue and increased spending
Toronto residents Mike and Andrée Sullivan are selling their century home after 27 years. Despite the COVID-19 pandemic, the city’s real estate market is showing few signs of slowing down.
The shrinking of margins by lower rates is set to combine with a potential recession to create a bleaker-than-expected year for Canadian lenders, investors and analysts said.
Demand for crane operators is soaring in and around Toronto where about 120 cranes rise from projects across the metropolitan area
Condos are driving much of the momentum in the local real estate market, with the Toronto real estate board forecasting a further 10 per cent rise in condo prices this year.
A year after encampments sprung up under the Gardiner, the war of words between housing activists and City Hall reaches a tipping point in the city's most marginalized neighbourhood
Drive until you qualify Mortgage stress test forces homebuyers further outside GTA to find house they can afford
TREB survey finds buyers had to adjust their expectations last year just as it expects home prices to rise nearly 10 per cent this year
MortgageCalculator is the industrys leading Financial Planning Tool that is designed to help real estate buyers compare current mortgage rates of multiple Canadian financial institutions
Could splitting mortgage costs with investors make housing more affordable Canadas top banker believes it would
Poloz has pointed out a need for banks and financial services in Canada to think more creatively about risk sharing and mortgages
Urbanations Shaun Hildebrand said a total of Sixty Nine Thousand Five Hundred Sixty Four apartments were under construction or proposed for development by the end of 2019 but it will take time for those to become occupied
The average rate on the 30-year fixed mortgage fell to the lowest level since October this week, at 3.69%, according to Mortgage News Daily. That has an already competitive housing market heating up even more.
A recession is not expected in Canada this year despite a number of global uncertainties and trade tensions, according to a top Scotiabank economist, but growth will likely remain unexceptional
After a disappointing 2018 when housing prices and sales declined 2019 has been a year of resilience for housing markets across most of Canada
Ontario federal government make One billion four hundred million dollars housing deal to help low income renters
Torontos low income renters may soon get some relief from the citys overheated market following the announcement of one billion four hundred million dollars rental housing benefit cofunded and agreed on by the provincial and the federal governments
Tech companies make up only a paltry five per cent of Canada’s biggest exchange Of that just three stocks Constellation Software Shopify and CGL account for three quarters of the total value
I am regularly surprised at how frequently a land survey is viewed as unnecessary when it could be considered the single most important document in a real estate transaction
David Wilkes writes that an estimated 64 per cent of qualified buyers would return to the housing market if the mortgage stress test were adjusted
As per a Royal Lepage Poll Immigrants buy twenty one per cent of houses and may purchase six hundred eighty thousand homes during the next five years
Billionaire Andrew Carnegie famously said that 90 percent of millionaires got their wealth by investing in real estate and we wanted to know whether this is still true
TD will start charging borrowers an extra 10 basis points or 0.1 per cent for all fixed rate mortgages that take more than 25 years to pay back. They will also be executing an extra cost for mortgages on rental properties, which will charge borrowers 25 basis points more.
The Ontario Government is looking to double the maximum tax rebate that is offered to first-time homebuyers alongside raising the land-transfer tax on house purchases over $2 million.